401k Lie: The Myth of the Match

Have you invested in a 401k, or are you planning to take up the plan? In this episode, I will be sharing my honest take on the 401K and let you be the judge.

Did you know that the government is the primary partner anytime you put your money in qualified plans with the government? Partnering with the government is like having a 50/50 partnership with someone who has all the controlling power. They can change the rules anytime, tell you how much you can make, how much you can pull out, and when you can pull it out. The unfortunate thing with government partnerships is you must pull out your money when they tell you to or else you risk being penalized.

Before you think of putting your money into a 401K, I’d advise that you look into other investment options. Investments like real estate, oils, metals, franchises, among others.

In this episode, I will be talking about the 401K myths by sharing some practical examples that prove that 401K returns are not 100% as many people claim them to be.

KEY TALKING POINTS OF THE EPISODE:

[03:29] The big reason why I think 401K is not as cool as many people think

[10:58] Partnering with the government

Please note: To have a clear picture of what I’m talking about in this episode, watch the video on our YouTube channel. It will help you keep up with the calculations.